Galen Moore- Editor-In-Chief 08/14/15 @11:22am in TechThere are at least 3 Chinese VC firms active in Boston. We talked to 2 of them....

Haiyin Capital's Yuquan Wang is bringing some of it and yes, he is interested in the hard stuff. Haiyin has a $50 million fund, its third. It's out raising a fourth, similar in size. All for investment in robotics, consumer devices and hardware. Deals so far in Boston include 1366 (cleantech), Terrafugia (flying cars) and WiTricity (wireless charging). Wang told me he's not interested in Internet companies and he's more interested in Boston and other, smaller markets than he is in Silicon Valley (Pittsburgh, Madison, Seattle--anything near a university).

"In China if you want to show people how trendy you are you say I go to Silicon Valley," Wang said. "Lots of Chinese go to Silicon Valley like a pilgrim and they come back and they talk about Silicon Valley like a show."Besides, Wang said, Valley companies spend too much time at networking events. "I believe there is a new wave of startups in the US, is entrepreneurs bringing technology out of universities," he said. "They’re licensing tech from universities and they make products based on that."